In accounting 'posting' refers to:
A) Sending of invoices to customers.
B) Opening of the mail on a daily basis.
C) Despatching of inventory items by courier to customers.
D) The process of transferring the debit and credit information for each journal entry to the accounts in a business' general ledger.
Correct Answer:
Verified
Q42: Asset accounts:
A) are increased by debit entries
Q43: Liability accounts:
A) normally have a debit balance.
B)
Q44: Which of the following best describes the
Q45: Which of the following is not part
Q46: The journal entry to record the owner's
Q48: A trial balance is:
A) A schedule that
Q49: The purpose of adjusting entries is to:
A)
Q50: Which one of the following is NOT
Q51: Suppose that a customer pays a deposit
Q52: Which of the following is an example
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